Posted On : 19 Feb, 2019
New Delhi, February 19, 2019 : Garments manufacturer Monte Carlo Fashions on Monday said it has entered into an agreement with Skoda Auto India allowing the automaker to use its trademark 'Monte Carlo' for its cars.
The agreement between the two parties comes a year after a Delhi court had admitted a trademark violation plea for infringement of trademark Monte Carlo owned by Monte Carlo Fashions Ltd against Skoda Auto India from using the brand name with respect to a new Monte Carlo edition car.
Under the agreement, Skoda India has got a licence from Monte Carlo Fashions Ltd to use its trademarks 'Monte Carlo', for its cars, cars accessories and spare parts for packaging, promotional and advertising material associated therewith.
Monte Carlo Fashions Executive Director Rishabh Oswal said, "We have agreed to give Skoda a licence to use our brand name to market and sell their Monte Carlo edition of cars. This is a win-win solution for both the companies". However, the company hopes that this case will set an example and ensure that corporate organisations adopt a more careful approach towards trademark infringement, he added.